Evening Star Newspaper, April 22, 1929, Page 11

FINANCIAL., i €., MONDAY, APRIL 22, 19%9. FINANCIAL.S il 0! Money to Loan | masket mm- 1o-inch erates COMPANY REPORTS. R T . ! Bedyped by st gced ot cont ntate, ON NEW YORK STOCK EXCHANGE el 3% ,,,. EW YORK. April 22 09— Hupp e 3 u'-"fl"a' ‘,"".m, it h,.,‘,’ ,";m otor Car Corporation ended the fts: Jfiep ‘Weller e s PN Received Direct to The Star Offic i te qu-rm with net income of SlMl.sos . — { um. market ':fi.my wuksr' Anmnl, 110 a share, compared with § I = /3 UNITED STATES, i . High. Iceberg , 4-5 dozen, 5.50a o e mw er i are (5 $2 000 ¢ 4 108 mm xm ! u?'.’,‘ ‘6-dozen, ' 4.7585,00; m 'm- respol period 6n. 8. smaller { Sales. High. Low. Close n % 4 S 16 981 98 981 Te Taw Taw u;"fii’;, mmms few Jord, r Car Co. Inc. reports OMW ot here yangbaeR o i Sose ©os4 dos e T * Orions—Supplles tight: demand 1, B e " . & 2 E 2 I\ upplies an ght, Convertibles Move With Stock T 9310 9310 9810 100% 100 100% market steady; old* tio sales te. | Plerce Petroleum Corporation and Common. Flock LOANS ON REAL " 11024 102, 1024 S L EUU Values Slightly Stronger.l ried; new g:ct T":'ix gul:‘md-l"‘lfl';gg’:&”.%’:"‘mggg "‘n“lgfi' of s i 21052 21052 crates, Yellow Bermudas, mixe 0. 1 3 I:'ST‘A'{E“ v_ Market—Recent Gainers 32100 9109 109 4 S8 e oaa Most Prices Unchanged. 1S5 mety 336 ten owee. Yege of”s'a‘ho:z Ao lp BOUGHT—SOLD—QUOTED e Actio i i FOREIGN. 2 185 183 184 Potato Market Firm. guarter, contrapted with net loss of Courteous Treatment + Heaviest Today. Sales. High. Low. Close. L1 80 80 80 . Today. Potatoes—Supplies of old stock light: | $20.956 in the first three months of Clroules ow requind Our record of 35 years . Argentine 8s Ju 6%, 9 100 99% 100 | RemingtonAr 6832, 6 0B 9T% 984 demand light, market firm; New York, | 1928. speaks for itself. Argentine May 11 100 99% 99% | Rem Rnd Bl4s war. 8 9314 981 934 150-pound sacks round whites, U. .| The Fleischmann Co. ended the quar- A BY CHARLES F. SPEARE. Argentine ‘27100 89 90| Simms Petm 82'29. 23 99 | 99 99| Business in the wholesale market dif- | No. 1, 2.102.25: Michigan, 150-pound i ter with net profit g{u::flzr;:‘ o&sn 2L Sinclair O 6 . 2 rict morn! I ‘was not especially % earns Percy H. Russell Co. 2o oo 2L100 S0% 93| Sinciair OIl $4i... & 100 100% 100w | brisk, according to reports, o condi- | 335 ’é‘:;':.&,fi'::.‘;l" Voo o Zates | pertod of last year. | Peter P. McDermott & Co. 1731 K St. NW , April 22.—Considering 4 86 86 |Sinclatr O1l 7 13 102% 102 102% | tion that is usual the first mukez d-y round whites, U. 8. No. 1, 1.9082.00. —_— Members New Tork Stock Exchange W the extent of the rally in bonds in the Sinclair Cru 4 9T 97 ° 97 |of the week. Yesterda; New stock: Supplies liberal: demand| TREASURY CERTIFICATES. Members New York Curb Marker e { past two weeks, the market acted well | A $in Pipe Ling 9 94 93% 93% | and hallstorm was not nnu:ud |n '.hh moderate, market firm; Florida, double- = BROADWAY,N.Y. S TEPRRRNL ’ '| today. It was strongest in those domes- Skelly Ol 6% 8 9608 "0 marmn(l market, dealers stated, but it | head barrels Spaulding Rose, U. 8. No. | ,, (Revorted vy J. & W. Seligman & Co) fobbcbele First Mortgage Loans |tic ssues that stil give & return be Soman ot i s bo vis ' 100 302 fodw [ Ba, ATact, tomasrow's market to:stms |1, 1.0087.35, mostly 738, ‘k"’h"“:"ir“"“”“ D pin i el ne o - an le extent. . - 345 Bept. 2 3 tween 5 and 5% per cent and heaviest Stand OfI N e exlent, o that the wet, condition | o, SRUACH—Trucked-in stock supplying {3 8ok 3 il | Lowest Rates of Interest and Commission arlngn‘z“ the members of the le Fl group | B SugarEstOriente’ 3 925; e 9% :’f' the 2 he):xm .ndt .l‘rdenl flll“pttke‘ven: Tomatoes—Supplles light; demand |31ty Hes. 13 at have advanced recently from 2 to Tenn C 6sB'4 41 1021 101% 1021 | the gathering of large quan Of Hlight, market firm: originals, Florida, |3}7s Seot. {Thomas J. Flsher & Company, Tac. |4 points and.sre now showing a tend- Tenniclecbow 88 41 4 10514 1054 1054 groens and other vegetables todsy. In |sixes. green, ripes lndul.‘:mlng. nncyl"" b — YN0 SUACH APRID. Transconti Ol 6%s 7 99 ~ 98% 98y |time for tomorro 3 count, 7.00; choice count, 5.50; repack- Mortgages Investments 643 Louisiana Money Available for FIRST DEED OF TRUST LOANS On Completed Propertit for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA and Ave. N.W. The failure of Germany to: present any new proposal at the Paris confer- ence Adkelcteduslcn’\’e of the German is- sues such as the 7 per cent municipals, although the Government loan m:nd mortgage bank bonds were strong. Convertibles moved up in ay thy with the rising stock market. Gains in | this group ran from 1z to 4 points, the | largest being in Public Service of New Jersey 4155 and Anaconda Copper Ts. Both, however, were inactive with the {largest trading again in International | Telephone 4125, which were up about & point. _Alleghany Corporation 5s and Atchison 4',s were also strong. There was some profit taking in Wickwire Spencer Ts following their rise in past INTERN: loNag pany. pavable May 15 stockholders of record, ness May Dot close. PAPER COMPANY ork, April 17th, 1929, The Board of Directors quarterly dividend of sixty (60c) cents & share on the common stock of this com- 929, to common the close of busi- ave declared to 1929, Cherks to be Ranited. ‘Transfer books will OWEN SHEPHERD, Vice President and Treasurer. i 7th St. & La. ENTERPRISE SERIAL BUILDING ASSOCIATION Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments James E. Connelly President Liberty ks ¥ 1 620717th Secured on 5 8 Fon wil }E’F 900 F Street ‘Complete: {Investme_nti Service Ja \We Buy and Sell Bonds Treasury Notes Etc. 4 Bond Department b/ i ‘ The Washington Loan md 'y 2k _&:’ \ A Trust Company 7 £ Street ¥ Guaranteed 6% First Mortgage . Notes Income- Producing Properties in the District of Columbia and Nearby Maryland District National . Securities Corp. Suite 303-307 Telephone Main 2994 District National Bank Building Common Stock Shares A TRUSTEED OWNER- SHIP in 100 leading American Corporations. interest 1o tnvestigate. "GiiLeT & Co. BANKERS Make your savings and surplus funds work for you at the highest-inter- INVESTMENT BUILDING WASHINGTON, D.C., Telephone, Main 3460 First Mortgages Safe—Conservative 42 Years’ Experience week. of 14 points. Walworth 61,s ad- vanced over 2 points. Dodge 6s sold close to 106, compared wth their low of the year of 98 made last month. The fact that a consider- able block of these bonds is to be re- tired shortly accounts for their recovery. One of the ultimate plans of the Chrys- les management is to redeem the entire issue as soon as this operation can be successfully financed. The reduction today in the bankers' | acceptances suggested easier money conditions and was an influence both on municipals and U. S. Government issues, The latter showed additional 8 certificates, EARNINGS RUN LOWER. Western Maryland Weekly Report Shows 5 Per Cent Drop. Special Dispatch to The Star. BALTIMORE, April 22.—Gross earn- ings of the Western Maryland Railway are running 5 per cent below those for 1928, according to the company's week- ly report. For this year to April 14 gross is $4,143,874, a decrease of $283,- 491 from the figure for the correspond- ing period of last year. With gross for the week ended April 14 at $338,146, a figure $375 above that reported for the same period last year, gross for the two weeks of April is $649,620, or $25,992 lower than for the first half of the month last year. PRODUCE EXCHANGE. NEW YORK, April 22 (#).—Flour quiet; Spring patents, 5.90a6.40; soft Winter straights, 5.80a6.15; hard Win- ter straights, 5.7526.10. Rye easy; No. 2 Western, 1.05% f, 0. b. New York and £1.03% c. i f. export. Barley easy; domestic, 74% c. 1. f. New York. Pork steady; mess, 32.50; family, 35.00. Lard ,lrbeldy. Middle Western, 12. 15212.25. allow quiet; special loose, 8'4; extra, 8%. Hops steady; State, 1928, 22a27; 1927 nominal; Pacific Coast 1928, 15a 21; 1727, 14al5. RUBBER PRICE RISES. NEW YORK, April 22 (Special).— | Crude rubber, smoked ribbed sheets, was up an eighth cent at today’s noon quo- | tation of 20 cents. This compared with 17} cents a month ago end 23!2 oem.s a year ago. Washington Stock Exchange SALES. Washington Gas 6s “A"—$1,000 at 1021, Riggs National Bank—1 at 575. Federal-American Co. com. t 5213, Mergenthaler Linotype—5 National Mtge. & Inv. pxd.—wo at 5%. AFTER CALL. Capital Traction Co.—1 at 987;. Washington Rwy. & Elec. 4s—$1,000 at | 8612, $4,000 at 861, $500 at 861, Capital Traction 56—51 000 at 99%5. Potomac Elec, 5'2% pfd.—10 at 107 2 Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telea. 4% 1. & Telga. 4! et Amer. A rad Washington Norfolk & Wi Second’ National 'Bank of ‘Wash... TRUST COMPANIES, gains, especially among the Treasury | Fr Czecho 8s 1952 Danish Munic 8§s A. Danish Munic 8s B. Denmark 43 Denmark 5% Denmark ll. DE15%s Mch §3.. Duteh East 1 65 47, Dutch East 1 Flat 78 x war .4 Finland 5% Finland s Finland 7s.. Framerican nfil... Norway 6% Norway 63 19 Norway 6s 1944 Polaud 8s. Porto Alegre 85 Prague 73s. Queensland 7 Rhinelbe Un 7. RhineWst EP 6: RhineWst EP 6553 Ri0 de Janeiro 6%s. Rio de Jan 8s 1946. . Rlo GrDo Sol 63 '48 Rio Gr Do Sul & Saxon (PW) Seine 7s 42 Serbs Cr Slav 7: Serbs Crot Slo 8s Soissons Swiss Confed Toho El Pow Tokio 5%81961..., Utd Kingm 5%s 29., Utd Kingm %9 37, Uruguay 6s 1960... Vienna Warsaw 78 '68. Yokohama MISCELL Am NatGas %l‘dl An Smit & R 13t 63, Anaconda 1st Anaconda cv db Armour&Co 4% Armour Del 6% Bell Tei Pa6s B.... Bethlehm Stl ‘mn (1] Bethlehem Steel Bklyn Edison b Bush Term Bldg bs. Certain-Td§%arcts Com Invest 5% 8 '49, Com Invest 63’43 Con Coal Md 1st 5. ConGas N Y 5%s.. DatroitEdison5s40.. Detroit Edison 6s Goodyear bs rets. Humble O11 5 HumbleO& R § Illinols Bell 1st & [llinois Steel 4% Lorillard 6s. Lorillard (P) Midvale Steel 5 United Drug bs 1 4 0 5 5 Enuoflu 4 v 614833 5 1014% Wiison & Co 18! 9 101% WinRepeatAr 7 1107 Yngsto S&T s wi. 61 100% RAILROAD. At & Birm 4s 33 5 8% Anu Arbor 48 3 3 90 3 92 28 1135, AtlanticC L 18 Atlantis C L cl 4 2 9% 10 89% 7 93 26 981 102 103 4 103% 2 109% 4 102% 1 83% 0 7 3 104% 104 104 Brooklyn Elec 6148, 4 92 Brookivn Elev 6148, 4 924 Bkiyn Mannat 6s... 33 95 Buff R& Pitt4%s.. 3 89% Bush Termcon 5s.. 8 $7i Y |can Natass30..0s 10 99% Can Na 4 91k CanNatémabl.... 12 95 + 1001 | Canad North . 2124 100% 100% | G, vad North 78...s 5 110 96 Canad Pac deb 48.. 19 9614 i 6 92 > 100% 98 98 | Cent L'acistbs¥0.. 1 102% 100 100 | Chesa Corpbs wi.. 49 99l 99% 100 |Ches& O gn4%8... 10 984 89l 2! 101 9% 101% CB&QIll3is. 100 10243 101% 3 105% 5 108% 1 103% 10 89% 10 92y 6 95 2 105% 11 88% 1.105% 105% 108 103% RY% 92% % | ChSitPM&O Chi B & Q 1st rf 5 ChiGt W CM&StPgns ChiMIISP&Pac! il CMSP&Pacadj5s03.168 5 13 Chi& NW gn 3%4s.. Chi NW 4%a8 1031.- CRIPac4% ChiTH&SE?bs Chi T H inc 6s 60 Chi Unilon Sta bs Chi Union Sta 6 %: Chi & W Ind cn 4. CeWIibuse2 CCC&StL 4%s CCC&StLSsD. Clev Term bs. Colo & Sou 4% Cuba Nor 6343 cta.. Cuba RR6S..000ee Den & Rio G en ¢s.. b - wlBunnuirm Pranmcaaloan-NKe mEakoCanen~a R 103 | Gr Trunk stdb 6s... 5 102% 101'% Grand Trunk 7s.... 6110 109% 110 |Gt Nor %876 D..e 3 98 98 98 |Great North5s..... 7 88% 87% 83%|Great North 5%8s.., 1 1084 1 99% 99% 99% |Great Norgen 7s... 31 110 25 103% 103% 103% | gav E1 Ry 68 52 82 55 99 o 6% 15 938 91 874 98% ANEOUS‘“‘ % Int Rapid T 18 o pid Tran 4 1024 1924 | [nt Rap Tr 68 st 0% 974 97 | Int Rapid Tran 64 981 98y | IntKap Trans7s... 8 94 10314 1037 | Int&GNor adj 6853 26 40 4 79% 79% 79y (I0tRYSCABs73.., 1 81 1 101% 101% | Kan City Ft'S4s..q 5 92 103% 104 | Kansas City 8 b 2 98% 99% 39% | Kan City Term 7 88% 103% 104% | Lake Shot 5 9% 103% 1081 | Lehigh Val ct 2 864 106 106% | LehiVgen 43% 1 9 98% 98% | Lehigh Val 55 2003. 1 103% 824 824 | Louis&Nash uni4s. 3 94 1014 104% | Louis & Nash 5%s., & 105% 216 2184 | Man Ry 1st 45 90. 5 6l% 91 91 IMillEl Ry&Lt 4 2 98l 91 9% |MilEIRy &L 10 100% 10i% 102 | Minn & StL ref 2 24 74 T4 7 99% 100 100 27 104% 104 104 9 101% 100 100 | Mo Pacific gen 22 15 102% 102% | Mo Pac b5 A 65 1 99% 102% 103% | Mo Fac 5s F 77 35 99 104% 104% | Mo Pacific 55 G '78. 33 99 4; 133 ig:% Mont Trmret 6s 41. 10 96 00% s 71 12 ‘sse{: 33 95 7 99 10 w/. 998, 1 105% 9 97 96% 5,106% 3‘ 9‘3; "“ NYC & StL d }g lgm s 106 105& msv. bty 1 m:‘!z €24 6 101 102% 103% % lzza 1074 107% 2 68% 105 105 4 13% 99% 100 519 82 82 . 7 4% 12 12 1 824 104% 104% | Nor & S gen 68 64.. 2 83 984 984 ! Nor Pac 38 2047. 2 644 101% 101% | Nortnern Pacific 4s, 6 89% 106% 106% | Northern Pac 58 1102% 94% 94% | Northern Pacr { Rt 100% 1004 | Ogden&Lake Chds. 6 81% 101% 101% | Ore Short L rf: 2 98% Ore Short L 5s gtd.. 4 103 Ore Wash 1st & 1 8T% Pennsyl gen %8 9 Penna RR 4% 30 Pennsy! gen 58, 1 13 4 7 PnonlohDeu%l 9 Pere Marq 1st6s... 6 Philippine RR 4s..: 1 PCC&StL 58 B75... B St L IM&S 45 29. st iMss gnsadi. R&G 'THE EVENI'NG STAR, WAsmeofi, D. failure, however, will not seriously hamper the vegetable business tomor- row, dealers getting quantities of ship- ped-in vegetables great,enough to sup- ply the trade. A continued firm condition of the meat market was reported this morning, the price of pork loins, fresh-killed stock, advancing to 33 and 34 cents. Prices of other meats, most of them higher than usual, remained unchanged. Egg Market Firmer. Dealers reported a slightly firmer con- dition of the egg market, but with no change in prices. Current receipt’eggs continued to sell at 26 cents, hennery ;x,:i fresh-selected stock selling a little her. Increased receipts of marine products at Municipal Fish Market was an inter- esting feature of today's market, and dealers say yesterday's storm probably will not seriously hamper the work of fishermen along the lower Potomac and points on Chesapeake Bay. Demands for oysters are gradually decreasing, dealers state, and there soon will be a decided increase for crabs. both soft and hard, and crabmeat. It is believed that crabs will be plentiful this season, and prices may be lower than those demanded the past few years. Today's prices, with the exception of the price of pork loins, were the same as prices quoted Saturday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. ‘Butter—One-pound prints, 46a47; tub, 45246 store packed, 29a30. Eglu— Hennery, 28a29; fresh selected, 27a28; current receipts, 26. Poultry, alive—Turkeys, 35; Winter chickens, 42a45; Spring chickens, 50a 55; fowls, 34; Leghorns, 32a33; roosters, 32; ducks, 25; keats, young, 60a75; old, 35840. Dressed—Turkeys, 40; Winter chickens, 45a48; Spring chickens, 58a fowls, 36 Leghorns, 35;- capons, hru 50a52; small, 45a47; ducks, 32a 33; keats, 80a1.00. Meats, fresh killed—Beef, 22a24; veal, 25a27; lamb, '30a32; pork loins, 33a34; fresh hams, 26; fresh shoulders, 20; smoked hams, 28; smoked shoulders, 17; bacon, 22; lard, in bulk, 14; in pack- ages, 1414a15. Live stock—Calves, 16; lambs, 18, Fruit and Vegetable Review. ‘Today's market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Apples—Supplies light; demand light, market steady; barrels, no sales report~ ed; boxes, Washington, medium to size, extra fancy, Winesaps, 3.00; few higher; bushel baskets, Virginia, U. S. No. 1, 2! inches up, Winesaps, 2.25; U, 8. No. 1, 2, inches up, Winesaps, 1.60a1.75; unclassified, 212 ‘inches up, ‘Winesaps, 1.75; U. S. No. 1, 23 inches up, Yellow Newtons, 2.35a2:50. Asparagus—Supplies moderate; de- mand light, market steady; South Caro- lina, dozen-bunch crates, long, very large size, 5.5026.00; large size, 5.00a5.50; medium size, 4.0024.50; small size, 3.00 23.50; partly white, large size, 4.00a4.50; medium size, 3.00a3.50; Delaware, dozen bunch crates, partly white, large size, 4.50. Cabbage—Supplies - liberal; demand llghl,] market slightly weaker; South Carol 2.25a2.50; l’,-bu:hel hampers, pointed 5a1.5 r)——sugglles light: demand light, Sales. High. Low. Close. 1 1072 107% 107 114 114 88% B7% Sou Ry 6356 Term Asso S L ;| Term Asso St L bs., Texas & Pacific 1st. Tex & Pac 8B 1977 Third Ave adj 5 Third Ave ref 4s 60, Tol Tr L&P 6%# 30, Ulster & Del 2 Union Pac Virginia Ry Is Too Close to the Proposition You'll find many advan- tages resulting if you place the management of your property in our bands. We have the experience—and know every phase of the business. Our services are an asset. B. F. SAUL CO. Main 2100—925 15th St. N.W. \ AtTheService Shop each step follows a logical path, without confusion, without waste, + s the heritage of half a-cen. tury’s Printing experis “ence. You aresurprising- ly free from bothersome™ details. . BYRON:S ‘__/f ADAMS N ~ *10 - ina, barrel crates, pointed type, | Where progress is a fixed habit ed, threes, ripes, wrapped, faucy count, 4.00a4.50; sixes, ripes, wrapped, fancy count, 8.00a8.50. Strawberries—Supplies moderate; de- mand moderate, market slightly wrak- er; North Carolina, 32-quart crates, various varieties, wide range prices mostly 4.5025.50; few best high as 6.00: ordinary quality and condition, some small size, 2.00a4.00, String beans—Supplies moderate; de- mand moderate, market steady; Ficrida, Zi-bushel hampers, Green Flat, 2.50a 300 fair quality and condition, 2.002 Pepper Demand Moderate. Peppers—Supplies moderate: demand moderate, market steady; Florida, pep- per r.-rntes fancy, some fair quality, 4.00a4.5 Enplan!—-No sales reported. Squash—No early sales reported. Cucumbers — Suppli®s light; demand light, market steady; Florida, 7;-bushel hampers; fancy, 3.50a4.2 choice, 2.50a3.00. Peas—Supplies moderate; demand light, market steady; South Carolina, bushel hampers, ordinary to fair qunmy and condition, 1.00a1.25; few best, 1.50; California, 40-pound crates, 4.00. Bee%—Supplies moderate; demand light, market steady; Texas, Western lettuce crates, bunched, 2.50a3.00; South Carolina, no sales reported. Carrots — Supplies light; light, market firm; Texas, Western lettuce crates, bunched, 2.50a3.20. Oranges—Supplies moderate; demand moderate, market firm; Florida, boxes No. 1, ‘medium size, 3.7524.25; large to small size, 3.2523.50; No. 2, medium size, 3.00a3.25. Grapefruit—Supplies light; demand light, market steady; Florida, boxes No. 1, medium size, 3.50a3.75. CANADA FOREIGN TRADE. OTTAWA, Ontario, April 22 (Special). —Canada’s foreign trade for March totaled $253,536,167 llaimt $229,564,777 for the month last year. Exports were valued at $115,822, 104 lmpom $120,- 418,027, re-exports $2,756,825, demand HAVE YOUR ES- TATE ADMINIS- TERED BY MEN OF EXPERIENCE Family relationship, in many, cases, would be a dis- quahfi:auofl for estate ad- ministration, as it leads all too frequently to disagree- ments, delay and unwise acti You are assured of sound and efficient service if you entrust your estate to our trust department. Our Trust Department is at your service LIBERTY NATIONAL BANK HE SuED For A Third Interest A man died leaving a one-half interest in ml estate to his and dlvhiad the procem Later a “posthumous” ehlld ase learned h?hh lunl rhln [ of lo”l' one-third interest in the his claim, hvdvlu last own. in expensive litigati el focs which couldhave bee-uvolded by title insurance. Whenever you buy or lend -n‘ real estate, a New York Title policy is always your best policy. Capitol Title & Guarantee Company 1425 Eye St. N:W. Representing NEW YoRk TITLE AND MORTGAGE CoMPAN Capital Funds ‘%W 2.25; round type, 1.75a2.25; few higher. | 3 oodyear T. & R. Grena Trunic of Ga .a. 6s Gulf O Hum (Reported by J. & W. aeuumn &c Allls-Chalmers Co. S5 Aluminum American Tel. & Tel. Anaconda Copper Min. &, Ohlo & O Ehicaso rock tan Chile Copper Co. Gudany Packin son Ei. Internat Otesons Snort Line 431939, Pure Oil Corj 93 Shell Union Sinclair Crude Of Smion ‘ol Unttes Broeco, g el Western Electric Co. 55 194 Wikeine "Btect Corp, s 1048 '30% 1 JAMES Y, PENNEBAKER Main 5328 1520K St. N.W. 1937 Co. of Amer. bs'i03 10 Co. Sag 1933 1943 SevsogesSie 2238233 Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford | Representing Mutual Benefit Life Ins. Ce. 1520 K Street Main 475 Oil of Pn. 58 1 . b Ol 8755 1932 ch Corp. Bk nm $io8 1937, ... ?m’o 55 1947 GUARANTEED 6% i{l' 5 ; | First Trust Notes We Recommend— Secured on Improved District of Columbia Real Estate Spencer Trask Fund, Ine. at the market National Mortgage Circular on Request & Inv. COI‘p. Irving & Johnston Investigate Our First Mortgage Service Woodward Blds. Main 8973 1004 Vermont Ave. C dents Membe 1 of ‘Spencer Wash, Stock Main 5833 Trask & Co. Ezchange INVEST NOW AT 6% with Security Protected by a Surety Company Guarantee Y investing now in First National Bonds you can assure a 6% yield on your funds for 3, 5 or 10 years. The bonds provide, in addition, for payment of the 2% Federal income tax, and for refunds of all local taxes up to an aggregate of %% per annum on the principal. The First National Company, of Baltimore, Md., with resources of more than $9,000,000, stands directly be- hind your investment. And the bonds are further se- cured, dollar for dollar, by real estate first mortgages that have a Surety Company Guarantee. Write today for Circular ““O”, which gives further particulars. INTERNATIONAL BANK Securities Department 16 Jackson Place Main 864 Hydrostatic Ruins Colossal ruins stretch across the valleys of Italy from mountain streams to the city of Rome; trav- elers marvel at the genius of the ancients. Yet the remains of these huge aqueducts stand as a monu- ment to a blunder. The Romans didn’t know that a sin- gle pipe-line would have served them just as well—they had never heard of the principle that water will seek its own level. Capital may be said to seek its own level, too. A fair return with abso- lute safety to the principal is the golden mean desired by all investors. The 6% First Mortgage Notes sold through Swartzell, Rheem & Hen- sey Company give this assurance: a steady, safe income, backed by the policy which has made our record: SIXTY YEARS WITHOUT LOSS TO AN INVESTOR. SWARTZEIL, RHEEM & HENSEY CO MORTGAGE BANKERS 111 15 STREET N.W. SHINGYON D.C.